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Alec Hogg: Elon Musk goes from crypto fan hero to zero
"Elon Musk is feeling a lot of heat on social media after becoming more circumspect on cryptocurrencies," writes Alec Hogg.
The future of motoring is confusing. With the internal combustion engine being phased out and electric vehicle manufacturers led by Tesla all the rage, we can only dream what we'll be driving in a decade or two. Christopher Mims who works for our partners at The Wall Street Journal has taken a close look at where the mobility sector is moving and concludes, that Apple will be a huge factor. His introduction is republished below, with a link to the in-depth piece.
- While his car business is going swimmingly, Elon Musk is feeling a lot of heat on social media after becoming more circumspect on crypto currencies – spearheaded by an appearance as the guest host of the US's mass Saturday Night Live TV show (above). When pushed by other cast members Musk admitted hyped-up crypto joke Dogecoin was "a hustle". Now he's being pilloried by former fans for losing them money. Click here for Elon's hero-to-zero story in The Wall Street Journal.
- On the local scene two big stories for the coming week, both from the Official Opposition. First is the DA's court challenge to the ANC's noxious policy of Cadre Deployment – ie rewarding often unqualified party loyalists with jobs paid for by taxpayers. Click here for the story. The second focuses on the ANC's funnelling of more taxpayer money to socialist Cuba. Click here to read Kobus Marais's hard-hitting piece on Politicsweb about the SANDF's R1bn purchase from Cubans service providers while the local defence sector is imploding.
- There's more disturbing detail emerging about the Covid-19 pandemic. Including how mortalities appear to have been fuelled rather than moderated by lockdowns: countries which imposed them most harshly appearing to have suffered most (ie Peru and others in South America). Related stories from three impeccable sources:
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